COVID-19 Financial Stress​

COVID-19 Financial Stress​

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Posted On 07 Apr 2020

A recent Executive Order issued by Gov. Andrew M. Cuomo set forth the details that insurers must abide by in implementing the premium relief that has been mandated for policyholders financially impacted by COVID-19 pandemic

In order to take advantage of these extensions, the insurer or finance company will need from you a written statement that you are having financial hardship as a result of the COVID-19 pandemic.

This also applies if you are a small business—any business that is resident in this state, is independently owned and operated, and employs 100 or fewer individuals.

Individual companies are handling these changes in different ways and you may have been already notified and provided an 800 number to call them for assistance.

​If you are having financial hardship as a result of the COVID-19 pandemic and are unable to pay premiums that is due, your insurance company can assist you by suspending cancellation for nonpayment and allowing you to pay the premium over a 12 month period.

If you have any questions about this premium payment assistance, or need help with the process, please do not hesitate to call our office @ 585-589-6236

*** Be aware that at the time of this letter being mailed, Federal Crop Insurance premiums are excluded from NY State COVID-19 extensions because Federal Crop Insurance is governed at Federal level****